TUINEN RAAFFELS: what changed
TUINEN RAAFFELS
Largest movements
- Receivables within one year +€22,531
up €22,531 (+684%), from €3,294 to €25,825
of which Trade receivables: +€22,510
- Cash -€12,477
down €12,477 (-67.6%), from €18,461 to €5,984
mainly Receivables within one year (-€22,531) and Investment in fixed assets (net) (-€18,077)
- Tangible fixed assets +€9,499
up €9,499 (+37.5%), from €25,298 to €34,797
of which Plant, machinery and equipment: +€12,832
- Deferred charges and accrued income -€743
down €743 (-54.0%), from €1,375 to €632
- Trade debts +€18,136
up €18,136 (+806%), from €2,250 to €20,386
- Other debts +€5,011
up €5,011 (+17.8%), from €28,190 to €33,201
- Profit (loss) carried forward -€4,252
new in 2025: -€4,252
- Gross operating margin -€19,317
down €19,317 (-76.8%), from €25,166 to €5,849
- Staff costs -€4,421
down €4,421 (-89.6%), from €4,932 to €511
- Taxes -€4,096
down €4,096, from €3,768 to -€328
- Depreciation +€2,169
up €2,169 (+33.8%), from €6,409 to €8,578
- Other operating charges +€514
up €514 (+76.3%), from €674 to €1,188
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,442 | €67,253 | +€18,811 | +38.8% |
| Fixed assets | 21/28 | €25,313 | €34,812 | +€9,499 | +37.5% |
| Tangible fixed assets | 22/27 | €25,298 | €34,797 | +€9,499 | +37.5% |
| Plant, machinery and equipment | 23 | €17,234 | €30,066 | +€12,832 | +74.5% |
| Furniture and vehicles | 24 | €8,064 | €4,731 | -€3,333 | -41.3% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €23,129 | €32,441 | +€9,312 | +40.3% |
| Amounts receivable within one year | 40/41 | €3,294 | €25,825 | +€22,531 | +684% |
| Trade receivables | 40 | €3,075 | €25,585 | +€22,510 | +732% |
| Other amounts receivable | 41 | €219 | €240 | +€21 | +9.5% |
| Cash at bank and in hand | 54/58 | €18,461 | €5,984 | -€12,477 | -67.6% |
| Deferred charges and accrued income | 490/1 | €1,375 | €632 | -€743 | -54.0% |
| Total equity and liabilities | 10/49 | €48,442 | €67,253 | +€18,811 | +38.8% |
| Equity | 10/15 | €16,183 | €11,931 | -€4,252 | -26.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,183 | €13,183 | = | 0.0% |
| Distributable reserves | 133 | €13,183 | €13,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,252 | -€4,252 | |
| Amounts payable | 17/49 | €32,259 | €55,322 | +€23,063 | +71.5% |
| Amounts payable within one year | 42/48 | €32,259 | €55,322 | +€23,063 | +71.5% |
| Trade debts | 44 | €2,250 | €20,386 | +€18,136 | +806% |
| Suppliers | 440/4 | €2,250 | €20,386 | +€18,136 | +806% |
| Taxes, remuneration and social security | 45 | €1,820 | €1,736 | -€84 | -4.6% |
| Taxes | 450/3 | €1,820 | €1,736 | -€84 | -4.6% |
| Other amounts payable | 47/48 | €28,190 | €33,201 | +€5,011 | +17.8% |
| Remuneration, social security and pensions | 62 | €4,932 | €511 | -€4,421 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,409 | €8,578 | +€2,169 | +33.8% |
| Other operating charges | 640/8 | €674 | €1,188 | +€514 | +76.3% |
| Gross operating margin | 9900 | €25,166 | €5,849 | -€19,317 | -76.8% |
| Operating profit (loss) | 9901 | €13,151 | -€4,428 | -€17,580 | |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €56 | €154 | +€98 | +176% |
| Recurring financial charges | 65 | €56 | €154 | +€98 | +176% |
| Profit (loss) for the period before taxes | 9903 | €13,096 | -€4,580 | -€17,676 | |
| Income taxes | 67/77 | €3,768 | -€328 | -€4,096 | |
| Profit (loss) for the period | 9904 | €9,328 | -€4,252 | -€13,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,328 | -€4,252 | -€13,580 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.